The value of commercial finance issued in Australia in July fell 1.0% after seasonal adjustment from June to $25.86bn, the Australian Bureau of Statistics said.
A rise of 6.8% in revolving credit for commercial finance was accompanied by a fall of 4.5% in fixed-lending commitments. Lease finance increased by 30.0% in July after seasonal adjustment to $436m. Personal finance fell 0.8%, comprised of a 2.3% increase in revolving credit and a 3.7% fall in fixed lending, the ABS said in a statement.